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A BILL TO BE ENTITLED
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AN ACT
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relating to audit requirements of certain emergency services |
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districts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter E, Chapter 775, Health and Safety |
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Code, is amended by adding Section 775.0821 to read as follows: |
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Sec. 775.0821. ALTERNATIVE TO AUDIT OF DISTRICT IN LESS |
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POPULOUS COUNTIES. (a) This section applies only to a district to |
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which Section 775.082 applies that: |
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(1) did not have any outstanding bonds or any |
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outstanding liabilities having a term of more than one year during |
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the previous fiscal year; |
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(2) did not receive more than a total of $250,000 in |
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gross receipts from operations, loans, taxes, or contributions |
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during the previous fiscal year; and |
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(3) did not have a total of more than $250,000 in cash |
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and temporary investments during the previous fiscal year. |
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(b) Instead of filing an audit report under Section 775.082, |
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a district to which this section applies may file compiled |
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financial statements with the commissioners court of each county in |
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which any part of the district is located. |
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(c) The district must file with the compiled financial |
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statements an affidavit signed by an authorized district |
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representative attesting to the accuracy and authenticity of the |
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statements. |
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(d) The provisions of Section 775.082 relating to deadlines |
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for filing an audit and the procedures and penalties relating to the |
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failure of a district to file an audit apply to the filing of |
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compiled financial statements under this section. |
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SECTION 2. This Act takes effect September 1, 2013. |